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WAEC Commerce 2019 Objective — Question 8

Question 8 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.

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Fidelity guarantee insurance will only cover

  • A. cashier's fraudCorrect
  • B. daylong robbery
  • C. loss of profit
  • D. unpaid loan

Explanation

Fidelity guarantee insurance is a cover policy taken against dishonesty of personnel/employees, such as a cashier's fraud.

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